Comparative Study On Efficiency Of Public And Private Sector Banks Essay

According to the Merriam Webster Dictionary finance is defined as “the system that includes the circulation of money, the granting of credit, the making of investments, and the provision of banking facilities” This semester I am taking at least one of the most basic economics classes there is to take ,microeconomics, that gives a brief view of world of economics and finance.

Finance is the study of how organizations and people handle concerns associated with money and the markets and how to generate a profit in the future. The role of finance is essentially about the management and analysis of information about money and how to manage money for an organization.

• Finance - The management of revenues or other liquid resources of a government, business, group or individual; the conduct or transaction of money matters generally, especially those affecting the public, as in the fields of banking, investments and credit. It can simply be defined as sell on credit or commercial activities that are study to manage capital and assets.

Finance is more than about the physical amount of money in hand, it is about the money

1. Finance: Finance means the dealing of providing funds and capital for earnings. In addition it includes getting money for a particular reason. This is a vital act because of the fact that it involves the administration of both capital as well as holdings.

To address finances and its application in life many things have to be considered. We can either

Money. What is it? On the surface, the answer to this question may seem awfully simple; money is what we use to get things we need and want. Yes, it is true that money is used to buy things, yet, upon closer examination it becomes clear that this answer is insufficient in providing us with a comprehensive definition. For example, what exactly about money makes it a valuable commodity that can be exchanged for goods and services? This query alone demonstrates just how obscure the essence of money really is. Considering how ubiquitous money has always been within civilized societies, it seems rather odd that its true nature still remains so enigmatic. Furthermore, how very peculiar it is that this social form which has undoubtedly led us to remarkable advances in technology, medicine, architecture, and many more facets of human life, may also be one of our most self-defeating behaviors as well.

Athanasoglou, P. P., Brissimis, S. N., & Delis, M. D. (2005). Bank-specific, industry-specific and macroeconomic determinants of bank profitability (32026). Retrieved from Munich Personal RePEc Archive website: http://mpra.ub.uni-muenchen.de/32026/1/MPRA_paper_32026.pdf

The majority of finance, in lieu of some exceptions, does not actually deal with money. This is because finance pursued in the economy today deals with currency. There is a distinct and profound difference between money and currency, even though the terms are used interchangeably. Money and currency are both mediums of exchange, units of account, durable, divisible, portable, and fungible. These terms mean that both can be used as intermediaries in trade, numbered and counted, have long and usable lives, both can divided equally into smaller units and made into change, they are easy to carry or transport, and each unit is capable of mutual substitution, or the principle that something it worth the same no matter who has it or where it is. The main difference appears in the storage of value or lack thereof. While money is a long term store of value and retains its purchasing power over long periods of time, currency can, and as history has shown does, quickly and easily lose this power and value. (GoldSilver)

To reach this argument, this paper will be based on the primary and secondary data of operation performance of HSBC and ICBC operated in UK, and analyze the result of comparison to conduct the appropriate choice of operation model for ICBC operating

As previously said in the introduction, this paper intends to survey the latest performance of banks belong to the financial industry. The samples are selected by the nation’s economic place in the world, this method can be better explained by the formula below, the GDP figure is from the World Bank’s 2015 GDP ranking statistics.

First of all, the world in which we live in depends a lot on financial

Ray G. Jones and Dean Dudley have observed that the word finance comes directly from the Latin word finis. Finance refers to the application of skills or care in the manipulation, use and control of money. This is as far as the dictionary goes. It would, however, not be in fitness of things to place too heavy reliance on the dictionary meaning of finance because the word finance has a marvelous ability to evoke different views in the minds of different persons.

Thus, Finance has now turned into a natural capacity and an important part of our daily lives. Today, it has become a statement which we frequently experience on our everyday schedule.

□ Finance is concerned with the process, institutions, markets, and instruments involved in the transfer of money among individuals, businesses and governments.